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Mission
The
mission of the Cost Accounting Department is to provide accurate cost and
rate information that identifies the full cost of all University operations through the utilization
of regulatory compliant and generally accepted identification, accumulation
and allocation methods and systems, relative to the primary University missions of instruction, research and public service.
Core Responsibilities
Indirect Cost Proposal
Compile indirect costs and cost allocation information,
and prepare the University’s indirect cost proposal on a periodic basis.
Compare indirect costs and rates to negotiated rates and recommend revisions
or extensions to negotiated rates on an annual basis. Conduct the periodic
negotiation of the University’s indirect costs and rates with its cognizant
federal agency, The Department of Health and Human Services, Division of
Cost Allocation (DHHS-DCA).
Fringe Benefit Cost Proposal
Compile fringe benefit costs and related cost allocation
information, and prepare the University’s fringe benefit cost
proposal on an annual basis. Conduct the annual negotiation of the
University’s fringe benefit costs and rates with its cognizant
federal agency, The Department of Health and Human Services, Division
of Cost Allocation.
Service Center Cost Models
Support the development and maintenance of costing
models as appropriate in areas such as Specialized Service Facilities,
Central Support Services and Auxiliary Enterprises in accordance
with federal regulations governing the recovery of costs for such
facilities.
Important PRISM Attributes
Ensure proper accountability, consistency and presentation of financial
information throughout the financial systems of the University through
implementation and monitoring of various internal and external accounting
and reporting attributes.
Compliance
Revise and maintain the University’s
Cost Accounting Disclosure Statement (Form DS-2), mandated by the
federal Office of Management
and Budget (OMB) Circular A-21, that identifies accounting policies,
procedures and practices for assignment and recovery of costs on
federally and non-federally sponsored programs. Implement and evaluate
ongoing compliance with Cost Accounting Standards incorporated into
OMB Circular A-21 on a University-wide basis. Serve as a monitor
for various aspects of regulatory and University compliance.
Cost Allocation and Recovery
Support the appropriate allocation and recovery of University costs
in accordance with federal and agency regulations and University
policies and procedures through the dissemination of information
and drafting of guidance based on authoritative research.
Special Studies
Perform special studies that identify, analyze and summarize the
costs of operations and provide management recommendations that facilitate
sound internal management decisions and support future policy formulation
and financial initiatives.
Audit Liaison
Serve as audit liaison with the Department of Health and Human Services,
Office of Inspector General for Audit, with respect to University-wide,
program and individual grant and contract audits.
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